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Stock Market & Financial Investment News

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December 5, 2012
05:42 EDTALVAutoliv opens new seatbelt plant in Indonesia
Autoliv has opened a new seatbelt plant in Cibitung near Jakarta, Indonesia. The new plant will enable the company to grow its sales in Indonesia from $12M last year to $25M by 2015 in already booked business and to $50M when the plant will be fully utilized. The plant will replace the company's existing Indonesian plant and serve Toyota, Daihatsu and Nissan, Autoliv's main customers in Indonesia. The new plant has a floor space of nearly 2,500 square meters on a land plot of 11,000 sqm and, at the start, 170 employees. All of the employees will be transferred from Autolivs existing Indonesian plant. The capital expenditures for the new plant amount to $3M.
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